Silver Oak Securities Incorporated Has $207,000 Stake in Public Service Enterprise Group Incorporated (NYSE:PEG)

Silver Oak Securities Incorporated decreased its position in Public Service Enterprise Group Incorporated (NYSE:PEG - Free Report) by 58.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,540 shares of the utilities provider's stock after selling 3,555 shares during the period. Silver Oak Securities Incorporated's holdings in Public Service Enterprise Group were worth $207,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PEG. Principal Securities Inc. grew its position in shares of Public Service Enterprise Group by 4.6% during the 4th quarter. Principal Securities Inc. now owns 6,021 shares of the utilities provider's stock worth $509,000 after buying an additional 263 shares during the period. Atria Wealth Solutions Inc. lifted its holdings in Public Service Enterprise Group by 16.9% in the fourth quarter. Atria Wealth Solutions Inc. now owns 20,490 shares of the utilities provider's stock valued at $1,731,000 after buying an additional 2,963 shares during the period. ING Groep NV bought a new position in Public Service Enterprise Group in the fourth quarter valued at approximately $22,443,000. Compass Capital Corp MA ADV acquired a new stake in Public Service Enterprise Group during the 4th quarter worth $309,000. Finally, Pinnacle Financial Partners Inc grew its holdings in Public Service Enterprise Group by 6.3% during the 4th quarter. Pinnacle Financial Partners Inc now owns 3,200 shares of the utilities provider's stock worth $270,000 after acquiring an additional 189 shares during the period. 73.34% of the stock is currently owned by institutional investors and hedge funds.

Public Service Enterprise Group Stock Down 0.0%

Shares of PEG traded down $0.02 on Friday, hitting $82.08. The company's stock had a trading volume of 5,286,113 shares, compared to its average volume of 2,811,118. The firm's fifty day moving average price is $80.35 and its 200-day moving average price is $82.53. Public Service Enterprise Group Incorporated has a fifty-two week low of $72.82 and a fifty-two week high of $95.22. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 1.25. The firm has a market capitalization of $40.96 billion, a price-to-earnings ratio of 22.43, a P/E/G ratio of 2.94 and a beta of 0.48.

Public Service Enterprise Group (NYSE:PEG - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The utilities provider reported $1.43 earnings per share for the quarter, meeting analysts' consensus estimates of $1.43. Public Service Enterprise Group had a net margin of 17.01% and a return on equity of 11.80%. The firm had revenue of $3.22 billion for the quarter, compared to analyst estimates of $3.15 billion. During the same quarter in the previous year, the firm posted $1.31 earnings per share. The business's revenue was up 16.7% on a year-over-year basis. On average, equities research analysts expect that Public Service Enterprise Group Incorporated will post 3.67 EPS for the current year.

Public Service Enterprise Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 9th will be paid a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 3.07%. The ex-dividend date of this dividend is Monday, June 9th. Public Service Enterprise Group's dividend payout ratio is 68.85%.

Analyst Ratings Changes

Several research firms have recently issued reports on PEG. Wells Fargo & Company reduced their price target on Public Service Enterprise Group from $100.00 to $95.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 26th. Evercore ISI cut their target price on Public Service Enterprise Group from $99.00 to $92.00 and set an "outperform" rating on the stock in a research note on Thursday, May 1st. Wall Street Zen cut Public Service Enterprise Group from a "hold" rating to a "sell" rating in a report on Thursday, May 1st. Bank of America lowered their price target on Public Service Enterprise Group from $95.00 to $92.00 and set a "buy" rating for the company in a research note on Monday, March 3rd. Finally, Morgan Stanley cut their price target on shares of Public Service Enterprise Group from $101.00 to $100.00 and set an "overweight" rating on the stock in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat, Public Service Enterprise Group currently has a consensus rating of "Hold" and a consensus target price of $89.54.

Insider Buying and Selling at Public Service Enterprise Group

In other news, CEO Ralph A. Larossa sold 1,378 shares of the firm's stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $79.26, for a total value of $109,220.28. Following the completion of the transaction, the chief executive officer now owns 221,093 shares in the company, valued at $17,523,831.18. This trade represents a 0.62% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.19% of the company's stock.

Public Service Enterprise Group Profile

Public Service Enterprise Group Incorporated, through its subsidiaries, operates in electric and gas utility business in the United States. It operates through PSE&G and PSEG Power segments. The PSE&G segment transmits electricity; distributes electricity and natural gas to residential, commercial, and industrial customers; and appliance services and repairs to customers through its service territory, as well as invests in solar generation projects, and energy efficiency and related programs.